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Nonprofit · EIN 75-6690166

OTHA E HERRING SCHOLARSHIP FUND II

Tax-exempt · RALEIGH, NC 27626

Financials

$109K$33K2022$37K$34K2023$50K$46K2024
Revenue Expenses · by fiscal year end
Financials of OTHA E HERRING SCHOLARSHIP FUND II by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$49,710$46,146$3,564$834,195$0$834,195
June 30, 2024990$36,690$33,846$2,844$831,121$0$831,121
June 30, 2023990$109,336$32,924$76,412$828,803$0$828,803
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$49,710
Net gain from sales of assets
$26,538
Other revenue
$0

Expenses

Grants and similar amounts paid
$38,100
Compensation of officers, directors and key employees
$7,684
Salaries, compensation and benefits (total)
$7,684
Professional fundraising fees
$0
Program services (functional)
$42,304
Management and general (functional)
$3,842

Balance sheet and other

Total assets, start of year
$831,121
Total assets, end of year
$834,195
Total liabilities, end of year
$0
Net assets, end of year
$834,195
Land, buildings and equipment
$2,290
Publicly traded securities
$811,989
Gross receipts
$345,334
Employees
0
Volunteers
7
Year formed
2003
State of legal domicile
NC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
FIRST CITIZENS BANKTRUSTEE
Institutional trustee
–$7,685
MARY DRUMMONDTRUSTEE
Trustee or director
–$0
CLARK DRUMMONDTRUSTEE
Trustee or director
–$0
JOHN WESTONTRUSTEE
Trustee or director
–$0
ARMIN JANCISTRUSTEE
Trustee or director
–$0
HAYWOOD QUINNTRUSTEE
Trustee or director
–$0
ROBERT KORNEGAYTRUSTEE
Trustee or director
–$0
LYNNE SMITHTRUSTEE
Trustee or director
–$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
FIRST CITIZENS BANKTRUSTEE
Institutional trustee
1$7,037
MARY DRUMMONDTRUSTEE
Trustee or director
1$0
CLARK DRUMMONDTRUSTEE
Trustee or director
1$0
JOHN WESTONTRUSTEE
Trustee or director
1$0
ARMIN JANCISTRUSTEE
Trustee or director
1$0
HAYWOOD QUINNTRUSTEE
Trustee or director
1$0
ROBERT KORNEGAYTRUSTEE
Trustee or director
1$0
LYNNE SMITHTRUSTEE
Trustee or director
1$0
990 for the year ended June 30, 2023: 9 people
NameTitleHours / weekCompensation
TRUIST BANKTRUSTEE
Institutional trustee
1$5,383
FIRST CITIZENS BANKTRUSTEE
Institutional trustee
1$1,876
MARY DRUMMONDTRUSTEE
Trustee or director
1$0
CLARK DRUMMONDTRUSTEE
Trustee or director
1$0
JOHN WESTONTRUSTEE
Trustee or director
1$0
ARMIN JANCISTRUSTEE
Trustee or director
1$0
HAYWOOD QUINNTRUSTEE
Trustee or director
1$0
ROBERT KORNEGAYTRUSTEE
Trustee or director
1$0
LYNNE SMITHTRUSTEE
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 29522, RALEIGH, NC 27626-0522
In care of
% TRUST TAX DEPT
Principal officer (990 for 2024)
LOUIS VALKER, PO BOX 29522, RALEIGH, NC 27626
Signed the 990
LOUIS VALKER, DIRECTOR
Phone
(919) 716-2015
Return prepared by
ERNST & YOUNG US LLP

Mission

PROVIDE SCHOLARSHIPS TO STUDENTS OF JAMES SPRUNT COMMUNITY COLLEGE WHO ARE EITHER RESIDENTS OF DUPLIN COUNTY, NC OR THE TOWN OF MOUNT OLIVE, NC

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDE SCHOLARSHIPS TO STUDENTS WHO ATTEND JAMES SPRUNT COMMUNITY COLLEGE
    grants $38,100

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
75-6690166
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2003
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$834,195
Income (IRS master file)
$345,334

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$49,710$46,146$834,195IRS
990June 2024$36,690$33,846$831,121XML
990June 2023$109,336$32,924$828,803XML
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-6690166).

Questions about OTHA E HERRING SCHOLARSHIP FUND II

What is the EIN of OTHA E HERRING SCHOLARSHIP FUND II?
The employer identification number (EIN) of OTHA E HERRING SCHOLARSHIP FUND II is 75-6690166.
Is OTHA E HERRING SCHOLARSHIP FUND II tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to OTHA E HERRING SCHOLARSHIP FUND II tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does OTHA E HERRING SCHOLARSHIP FUND II file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of OTHA E HERRING SCHOLARSHIP FUND II due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OTHA E HERRING SCHOLARSHIP FUND II last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of OTHA E HERRING SCHOLARSHIP FUND II?
The 990 for the year ended June 30, 2025 names LOUIS VALKER.
Who are the officers and directors of OTHA E HERRING SCHOLARSHIP FUND II?
The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $7,685 (FIRST CITIZENS BANK, TRUSTEE).
How much revenue does OTHA E HERRING SCHOLARSHIP FUND II have?
On its 990 for the year ended June 30, 2025 it reported revenue of $49,710, expenses of $46,146 and total assets of $834,195 at year end.

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